Sec. 2-197. Annual report to council.
The retirement plan commission shall, through the city
treasurer, not later than February 28 of each year, make a report
of the condition of the retirement fund to the city council.
The report shall contain any changes the retirement plan
commission desires to recommend concerning the retirement
fund or the retirement plan and such report shall also state
the cash receipts for the year in detail, an itemized list of securities
bought or sold, with the price paid or received and
a detailed list of all assets of the fund. Such report shall be
audited and approved by the secretary of the retirement plan
commission before it is presented to the city council. (1-664.)
